Short-term stake in Vail Resorts, Inc. (NYSE:MTN) increases 48.6%

Vail Resorts, Inc. (NYSE: MTN – Get a rating) experienced a significant increase in short interest during the month of July. As of July 15, there was short interest totaling 1,260,000 shares, an increase of 48.6% from the June 30 total of 847,700 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average daily volume of 392,400 shares, the short interest ratio is currently 3.2 days.

Vail Resorts Institutional Trade

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. UMB Bank NA MO acquired a new position in shares of Vail Resorts during Q4 worth approximately $32,000. Trustcore Financial Services LLC acquired a new position in shares of Vail Resorts during Q1 worth approximately $26,000. CWM LLC acquired a new position in Vail Resorts stock during Q4 worth approximately $34,000. Meeder Asset Management Inc. acquired a new position in Vail Resorts stock during Q1 worth approximately $30,000. Finally, National Bank of Canada FI acquired a new position in shares of Vail Resorts during the 4th quarter worth approximately $46,000.

A Wall Street analyst gives his opinion

Several equity research analysts have recently released reports on the stock. KeyCorp set a price target of $300.00 on shares of Vail Resorts in a Tuesday, July 19 research note. Barclays assumed coverage for Vail Resorts shares in a Tuesday, June 28 research note. They issued an “underweight” rating and a price target of $217.00 on the stock. Deutsche Bank Aktiengesellschaft lowered its price target on Vail Resorts shares from $302.00 to $301.00 in a Friday, June 10 research note. Truist Financial raised its price target on shares of Vail Resorts from $278.00 to $281.00 and gave the stock a “holding” rating in a Friday, June 10 research note. Finally, Credit Suisse Group raised its price target on Vail Resorts shares from $379.00 to $383.00 and gave the stock an “outperform” rating in a Friday, June 10 research note. . An equity research analyst rated the stock with a sell rating, six gave the company a hold rating and two gave the company a buy rating. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $295.71.

Vail Resorts Stock Performance

NYSE:MTN shares opened at $237.13 on Friday. Vail Resorts has a 12-month low of $206.03 and a 12-month high of $376.24. The company has a market capitalization of $9.54 billion, a PE ratio of 30.80 and a beta of 1.21. The company has a debt ratio of 1.30, a quick ratio of 2.11 and a current ratio of 2.22. The company has a fifty-day moving average of $232.35 and a 200-day moving average of $250.94.

Vail Resorts (NYSE:MTN- Get a rating) last announced its results on Thursday, June 9. The company reported earnings per share of $9.16 for the quarter, missing analyst consensus estimates of $9.17 per ($0.01). Vail Resorts achieved a net margin of 12.82% and a return on equity of 17.18%. The company posted revenue of $1.18 billion in the quarter, versus analyst estimates of $1.16 billion. In the same quarter last year, the company posted earnings per share of $6.71. The company’s quarterly revenue increased by 32.3% compared to the same quarter last year. On average, equity research analysts expect Vail Resorts to post an EPS of 8.4 for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 12. Investors of record on Monday, June 27 received a dividend of $1.91. The ex-dividend date was Friday, June 24. This represents a dividend of $7.64 on an annualized basis and a yield of 3.22%. Vail Resorts’ payout ratio is 99.22%.

Company Profile Vail Resorts

(Get a rating)

Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Accommodation and Real Estate. The Mountain segment operates 37 destination mountain resorts and regional ski areas. This segment is also involved in ancillary businesses, including ski school, catering and retail/rental business, as well as real estate brokerage business.

Further reading

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